Tayshia Adams requested a $ 20,000 loan to fund her influencer lifestyle
Competitors on The single person and The bachelorette generally continue to have glamorous social media lives and switch jobs from real estate agent (or whatever they used to do) to influencer. To fans, influencing probably seems like a fairly lucrative business, but it doesn’t always make ends meet. Recently, former Bachelorette Tayshia Adams took out $ 20,000 in the form of a payment protection loan.
“The Bachelorette” star Tayshia asked for a loan
Adams now has a company called Tayshia Adams Media LLC. Earlier this year, she applied for a payroll protection loan for her business for $ 20,833, according to ProPublica. The loan was approved on January 29 of this year. The weird thing about Adams Loan is that she only reported one job, meaning she only had one employee, most likely herself.
“The primary purpose of the Paycheck Protection Program (‘P3’) Loan is to help business owners retain their existing employees and create jobs for Americans who are financially affected by the pandemic. COVID-19, ”an Adams representative told Showbiz Cheat Sheet. . “As a business owner, television and podcast host, and brand ambassador, Tayshia secured a PPP loan that enabled her to hire an employee, to whom she offers compensation and benefits based on the market. Since the PPP loan funds exhausted, but in light of economic growth, Tayshia has committed to retain its employee for the foreseeable future.
What is a PPP loan?
PPP loans are designed to help businesses get through tough times.
“Businesses and nonprofits that receive PPP loans may have loans canceled if they meet certain criteria, including not laying off employees during the defined period covered by the loan,” ProPublica reads. . “Applicants must certify in their application that the loans are necessary for the continuation of their activities. “
Many businesses have applied for these types of loans during the coronavirus pandemic (COVID-19), as the pandemic has left restaurants, cinemas, stores and more unable to conduct regular operations. It’s unclear how the pandemic affected Adams’ business, as most of his influence takes place online.
Tayshia Adams Net Worth in “The Bachelorette”
According to Life and Style Magazine, Adams has a net worth of between $ 1-5 million. She was able to guarantee this by being part of the Single franchise and participate in numerous exhibitions. First of all, she participated in the Colton Underwood season The single person, then she was on Baccalaureate in paradise, then she became the Bachelorette, and now she’s in the Katie Thurston season The bachelorette as a mentor.
Prospects typically earn around $ 100,000 per season of The bachelorette, according to Reality Steve, although some may have negotiated higher payouts.
When fans first met Adams the The single person, she was a phlebotomist. However, in 2019, she changed gears.
“I no longer practice phlebotomy. I don’t know if I’ll go back to medicine, ”she told Vulture. “Even though I love it and went to school for it, my passion has always been real estate, development, interior design and architecture. I think I’ll gravitate towards that. I am currently working in an interior design company and I hope this flourishes and opens doors for my career.
In addition to the money Adams earns as an interior designer, she also earns Bachelorette checks again as she and Kaitlyn Bristowe replaced Chris Harrison on The bachelorette. It is not known how much Adams and Bristowe earn for their role as a mentor.
RELATED: ‘The Bachelorette’: Tayshia Adams & Kaitlyn Bristowe Tease Their New Season 17 Roles On Instagram